LONDON, UK: Apax XI Fund, a global private equity firm, today announced that it has signed a definitive agreement to acquire a significant minority stake in IBS Software, a leading provider of modern software solutions to the global travel and logistics industry. The transaction is expected to close by Q3 2023, subject to customary closing…
Atlantic Lithium appoints new CEO and Head of Business Development
LONDON, UK: Atlantic Lithium Limited, a company that aims to deliver Ghana’s first lithium mine, has announced the appointments of Keith Muller as its new Chief Executive Officer and Len Kolff as its Head of Business Development & Chief Geologist. The company, which is listed on AIM, ASX and OTCQX, is developing the Ewoyaa Lithium…
EU clears Microsoft’s $69 billion Activision Blizzard deal with conditions
Microsoft has won approval from European Union regulators for its $69 billion acquisition of gaming giant Activision Blizzard, after offering concessions to address competition concerns in the cloud gaming market. The European Commission, the EU’s executive arm, said on Monday that Microsoft agreed to let users stream Activision games they buy on any cloud gaming…
7 Tax Management Tips For Business Owners
As a business owner, managing your taxes is an important thing you should be aware of. Tax management can be complicated and challenging, but having a good grasp of tax requirements, filing deadlines, payment options, and other rules and regulations can help keep you organized so that your taxes are handled efficiently. By following these…
HBL Microfinance Bank partners with SCO to establish software Technology Park in Skardu
ISLAMABAD, PAKISTAN: HBL Microfinance Bank (HBL MfB) has announced its partnership with Special Communications Organisation (SCO) to establish and operate the first-ever Software Technology Park (STP) in Skardu, Gilgit-Baltistan. HBL Microfinance Bank has extended its support of Rs. 15 million to this cause. The STP Skardu has shown promising results in its pilot launch phase,…
Newmont to acquire Newcrest Mining in $17.5 billion deal
SYDNEY AUSTRALIA: Newmont, the world’s largest gold miner, has agreed to acquire Australia’s Newcrest Mining in a deal worth $17.5 billion. The deal, which is expected to close in the second half of 2023, would create the world’s largest gold mining company with a market capitalization of over $100 billion. Newmont is offering 0.400 of…
Amazon to Fund 300 New Apprenticeships in UK
Ecommerce giant Amazon has announced it will fund 300 new apprenticeship positions in the next 12 months across 250 small and medium-sized businesses and partners across the UK. The new roles will be funded by Amazon through its apprenticeship levy, which is a tax on companies with a payroll over £3 million. The levy can…
Apple launches satellite communication features for iPhone 14 users in Australia and New Zealand
Apple has launched its emergency satellite communication features for iPhone 14 users in Australia and New Zealand on Monday, allowing them to contact emergency services and share their location with friends and family in places with no cellular or Wi-Fi connectivity. The company announced the service with the iPhone 14 launch last September and first…
Apple Supplier Foxconn to Invest $500 Million in India
Apple supplier Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state’s IT minister said on Monday. The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Reuters in March reported that Foxconn had won an order to…
MotorK to acquire GestionaleAuto.com, a leading automotive retail solutions provider in Italy
AMSTERDAM: MotorK Plc (AMS: MTRK) has entered into advanced negotiations for the acquisition of GestionaleAuto.com, a leading automotive retail solutions provider that serves over 2,000 dealerships in Italy. MotorK and GestionaleAuto.com have both signed exclusive and binding agreements and are working towards a swift completion. Founded in 2004, GestionaleAuto.com is a prominent software as a…
MPC Energy Solutions expands renewable energy development footprint in Latin America
OSLO, NORWAY: MPC Energy Solutions (MPCES), a global renewable energy company, has announced its entry into Panama to enhance its ambition to significantly expand its project pipeline in Latin America. The company will focus on ground-mounted solar PV and has identified sites and grid connection capacity for combined 60-70 MWp, with immediate development works starting….
TotalEnergies launches its largest battery farm in Europe at its Antwerp refinery
PARIS, FRANCE: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), one of the seven supermajor oil and gas companies, has launched at its Antwerp refinery (Belgium), a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh, equivalent to the daily consumption of close to 10,000 households. This project will be…